It is often said that the unipolar world order, dominated by the United States, that emerged at the end of the Cold War has lately shifted to a “multipolar” arrangement, owing to the growing geopolitical “weight” of countries such as China, as well as many emerging economies. But the actual metrics by which we weigh […]
Kaspersky Lab experts have discovered the distribution of an unusual fraudulent scheme that tricks users into parting with their time and their data, for no return. By creating fake websites for the free generation of gift cards, cybercriminals are able to “sell” users’ data to third party partner sites, to which they redirect victims. While […]
One of the central challenges facing the world’s advanced economies is slowing growth. Over the last decade, growth rates in the advanced economies have averaged 1.2%, down from an average of 3.1% during the previous 25 years. History shows that slower economic growth can make societies less generous, less tolerant, and less inclusive. So, it […]
American entrepreneur Jeff Bezos, the founder and Chief Executive Officer of Amazon.com and owner of ‘The Washington Post, has overtaken longtime World Number One Billionaire Bill Gates to the number one spot of World billionaires. The 54 year old owner of Amazon.com is worth $112b, $22b richer than Bill Gates who comes in second at […]
Christophe Bazivamo, the Deputy Secretary General of East African Community in Charge of Production and Social Sector has advised Member States to review some of their domestic laws if they are to fully implement the EAC Common Market protocol. He said over 100 laws in the six East African Community Partner States national legislation need […]
Uganda still International Criminal Court member The Speaker of Uganda Parliament Rebecca Kadaga has reaffirmed government’s commitment to the Rome Statute that established the International Criminal Court. Uganda has had run-ins with the Hague-based Court, with President Yoweri Museveni publicly taking exception with the Court over its indictment of a sitting Heads of State. Kadaga’s […]
Uganda poised to become the largest dairy exporter in Africa. The dairy sector is slowly inching its way into Uganda’s top exports, next to coffee and tea, where a pull of exporters is largely responsible for this transformation. In the last 10 years, the value of milk and milk products exported from Uganda has increased […]
Uganda Airlines orders two A330neo Uganda Airlines, the national carrier of Uganda, has signed a memorandum of understanding for two A330-800neo, the new version of the best-selling A330 wide body airliner, featuring new wings new Rolls-Royce’s latest-generation Trent 7000 engines, new systems and a new Airspace cabin interior. The agreement was announced at Farnborough airshow […]
COMESA members urged to adopt full digital technologies All member States of COMESA have been urged to adopt full digital technologies in their quest to reduce the disparities in digitization among their citizenry and across sectors in the COMESA region. The Minister in the Office of the Vice President of Zambia, Sylvia Chalikosa, said the […]
Total deal volumes and values of Merger & Acquisition (M&A) transactions in Africa fell sharply in the first half of 2018, declining 44% in deal volume and 57% in aggregate value, compared to the first half of 2017. This is according to an analysis by Baker McKenzie of Thomson Reuters M&A data for Africa. The […]
Liquid Telecom, Telecom Egypt sign MoU for first fibre network from Cape to Cairo Liquid Telecom, and Telecom Egypt, Egypt’s first integrated telecom operator, have announced the signing of a Memorandum of Understanding (MoU) that will enable Liquid Telecom to shortly complete Africa’s terrestrial fibre network stretching all the way from Cape Town, South Africa, […]
Davido lights up Afreximbank meeting in Abuja Nigeria Multiple awards winner Davido, the singer of some of today’s greatest Afrobeats hits, gave a live performance in Abuja on Thursday night to mark the 25thAnniversary of the African Export-import bank (Afreximbank). The performance, preceded by a show from Cabo Verde’s Mindelo Carnival, closed the second of […]
African Development Bank bails out Afreximbank with $500,000 grant The African Export-Import Bank (Afreximbank) has entered into an agreement under which the African Development Bank to provide it with a $500,000 grant from its African Private Sector Assistance (FAPA) programme to be used in supporting emerging factoring firms in Africa. The Agreement, signed at the […]